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NOV, EOG And HAL, 3 Energy Stocks Pushing The Industry Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading down today with the
Dow Jones Industrial Average (
^DJI) trading down 25 points (-0.1%) at 16,936 as of Monday, July 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,900 declining with 205 unchanged.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3.
National Oilwell Varco (
NOV) is one of the companies pushing the Energy industry lower today. As of noon trading, National Oilwell Varco is down $1.27 (-1.5%) to $83.90 on average volume. Thus far, 2.1 million shares of National Oilwell Varco exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $83.79-$85.20 after having opened the day at $85.17 as compared to the previous trading day's close of $85.17.

National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. National Oilwell Varco has a market cap of $36.7 billion and is part of the basic materials sector. Shares are up 7.1% year-to-date as of the close of trading on Friday. Currently there are 11 analysts that rate National Oilwell Varco a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates
National Oilwell Varco as a
buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
National Oilwell Varco Ratings Report now.